Regulator news

ASIC’s review of the practices of 19 pay day and other short-term small amount lenders has found that while the majority are aware of and taking steps to comply with their responsible lending obligations, further improvements need to be made.

Read More ASIC seeks consistency in micro lenders’ responsible lending practices

Rod Sims ACCC Chair Rod Sims ACCC Chair

Rod Sims, new chairman of the Australian Competition and Consumer Commission made his first address to the Melbourne Press Club on 10 October 2011, putting a number of sectors on notice, including the major supermarket chains. “The two major supermarkets have significant market power, with many smaller suppliers feeling they lack a real ability to…

Read More ACCC Chair puts supermarkets on notice

The Australian Competition and Consumer Commission has instituted proceedings in the Federal Court, alleging misleading or deceptive conduct in relation to the promotion and supply of chicken products. The ACCC is taking action against Baiada Poultry Pty Ltd and Bartter Enterprises Pty Ltd which supply chickens nationally under the Steggles brand, Turi Foods which supplies…

Read More ACCC takes action over ‘free to roam’ chicken claims